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Radio Fuels Energy Corp. (OTCQB: CKEFF; CSE: CAKE) is a junior natural resource company whose news flow centers on uranium, rare earth elements, gold exploration, and resource-focused investments. Company announcements describe a strategy built around investment, acquisition, exploration, and development of projects and companies, with a particular emphasis on its 100% ownership of the Eco Ridge uranium and rare earth elements project and Elliot Lake uranium assets supported by NI 43-101 technical reports.
News releases for CKEFF highlight several major corporate transactions. These include a completed plan of arrangement with NV King Goldlands Inc., which Radio Fuels states made it the third largest mineral claim holder in Nevada and provided exposure to the Atlanta Gold Mine Project through a 3% net smelter royalty. Subsequent announcements describe a definitive arrangement agreement under which Palisades Goldcorp Ltd. will acquire all of the issued and outstanding shares of Radio Fuels by way of a court-approved plan of arrangement, with Radio Fuels later reporting that its shareholders approved this transaction subject to court, exchange, and other conditions.
Investors following CKEFF news can expect updates on business combinations, strategic reorganizations such as the proposed spin-out of Elliot Lake assets into a separate company, technical disclosure related to NI 43-101 mineral resource estimates, changes in senior management and board composition, and capital allocation measures like a normal course issuer bid. Together, these items provide context on how Radio Fuels positions itself in the resource and mining sector and how its exposure to uranium, rare earth elements, and gold exploration is structured through projects, mineral claims, royalties, and investment activities.
Radio Fuels Energy Corp (CSE: CAKE) (OTCQB: CKEFF) shareholders have approved the previously announced acquisition by Palisades Goldcorp (TSXV: PALI) through a court-approved plan of arrangement. Under the terms, each Radio Fuels common share will be exchanged for 0.060538 Palisades shares. Post-arrangement, existing Palisades shareholders will own 76% while former Radio Fuels shareholders will hold 24% of outstanding Palisades shares.
The arrangement received overwhelming support with 99.2% of shareholders voting in favor, exceeding the required 66⅔% threshold. The transaction's completion remains subject to final approvals from the Supreme Court of British Columbia, TSX Venture Exchange, and Canadian Securities Exchange. The anticipated closing date is February 6, 2025, pending court approval scheduled for February 3, 2025.
Radio Fuels Energy Corp (CSE: CAKE) (OTCQB: CKEFF) has filed documentation for a shareholder meeting on January 30, 2025, to approve a business combination with Palisades Goldcorp . Under the agreement, Palisades will acquire all Radio Fuels shares, with shareholders receiving 0.060538 Palisades shares for each Radio Fuels share. Post-transaction, Palisades and Radio Fuels shareholders will own 76% and 24% respectively.
The combined entity will have $120-million in cash and marketable securities, becoming Nevada's largest junior land holder. Radio Fuels shareholders will gain exposure to Palisades' investment portfolio while maintaining interests in uranium and rare earth elements through the Eco Ridge Project, which has 39.9Mlbs of U308 Eq Indicated and 67.2 Mlbs of U308 Eq Inferred resources.
Palisades Goldcorp (TSXV: PALI) and Radio Fuels Energy (CSE: CAKE, OTCQB: CKEFF) have announced a business combination through a definitive arrangement agreement dated December 9, 2024. Under the agreement, Palisades will acquire all Radio Fuels shares, with Radio Fuels shareholders receiving 0.060538 Palisades shares for each Radio Fuels share.
The combined entity will have $120-million in cash and marketable securities and become Nevada's largest junior land holder. Post-merger, existing Palisades shareholders will own 76% and Radio Fuels shareholders 24% of the company. The deal includes Radio Fuels' Eco Ridge Project, containing 39.9Mlbs of U308 Eq Indicated and 67.2 Mlbs of U308 Eq Inferred resources. The transaction is expected to close in February 2025, subject to shareholder and regulatory approvals.
Radio Fuels Energy Corp (CSE: CAKE) (OTCQB: CKEFF) has completed its business combination with NV King Goldlands through a plan of arrangement. The deal involved exchanging approximately 8.73 Radio Fuels shares for each NV King share, resulting in former NV King shareholders holding 40% of Radio Fuels shares. The combined entity now has about $20 million in cash and marketable securities. Through this merger, Radio Fuels maintains its Eco Ridge Project for uranium and rare earth elements while becoming Nevada's largest junior gold explorer by mineral tenure, ranking third overall behind Nevada Gold Mines and Kinross Gold Corp. The company also gained a 3% net smelter royalty on the Atlanta Gold Mine Project.
Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) announces a significant leadership change with Bassam Moubarak's resignation as Chief Financial Officer and the appointment of Natalia Samartseva as the new CFO. During his tenure, Moubarak led financial strategies that contributed to the company's growth and oversaw the acquisition of NV King Goldlands. Samartseva, a Chartered Professional Accountant, brings over 15 years of experience in public company reporting, IFRS, internal controls, and auditing. She has extensive experience in financial leadership positions and expertise in financial reporting and analysis for junior resource companies.
Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) and NV King Goldlands Inc. have entered into a definitive arrangement agreement for a business combination. Radio Fuels will acquire all outstanding shares of NV King, with NV King shareholders holding 40% of Radio Fuels shares post-transaction. Key highlights include:
- Radio Fuels maintains 100% ownership of the Eco Ridge Project
- Becomes the largest junior gold explorer in Nevada by mineral tenure
- Gains exposure to the Atlanta Gold Mine Project through a 3% net smelter royalty
- Combined entity will have ~$20 million in cash and marketable securities
The transaction is subject to NV King shareholder approval, British Columbia Supreme Court approval, and CSE approval. It is expected to close in Q4 2024. Radio Fuels has decided not to proceed with its previously announced Elliot Lake assets spin-out.
Radio Fuels Energy Corp. has appointed Bill de Jong as Director, replacing Collin Kettell. Bill de Jong, a lawyer with expertise in Capital Markets, will bring his experience in securities, mergers and acquisitions, and corporate finance to the company. The company expresses gratitude for Mr. Kettell's past contributions.
Radio Fuels Energy Corp. announces a strategic reorganization where the company will become an investment issuer, spinning out Elliot Lake assets to shareholders through a newly incorporated company. The Spin-Out will provide investors ownership in two specialized firms - one focusing on uranium assets and the other investing in mineral exploration. SpinCo will hold Elliot Lake assets and $1.5 million in cash.
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